Should I ring them and ask for the lower rate, or would it be in peoples experience that you need to change providers to get a lower rate.
Thanks
Reading this post, I checked out my own mortgage.
I owe 177k with 27yrs remaining, at a variable rate of 5.25.
I checked the providers website and there is a tracker rate of 4.8 for my LTV and my loan amount.
It also says however that the rates quoted are for new business.
Should I ring them and ask for the lower rate, or would it be in peoples experience that you need to change providers to get a lower rate.
Thanks
Presumably there is still nothing stopping him switching to another lender unless he opted for a fixed rate which I don't think that he did?
Why? What potential hassle are you seeing?And no matter how easy they make out, changing your mortage isn't just signing on the dotted line.
Why? What potential hassle are you seeing?
Sorry, I didn't write what I meant!
Looks like I was trying to say that signing a form was a big hassle!
As I explained I'm in Germany untill June, coupled with my work load, trying to organise a change of mortgage provider would be a hassle for me at the moment.
Rest assured I will be making further savings in June.
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